AGP Executive Report
Last update: 10 hours agoGold Restart: Mercuria will provide A$40 million to support the Mount Morgan mine’s restart in Queensland, in return for its first 210,000 ounces of gold over four years, with production due to begin in Q4 2026. Copper Expansion: Arizona’s Florence Copper launched the first US copper mining operation in nearly two decades, following years of permit and groundwater disputes. Exploration: Mink Ventures reported nickel, copper and cobalt sulphides at its Rankin property near Timmins, including 2.1 metres grading 0.57% nickel, 0.88% copper and 0.08% cobalt. Costs and Output: Antofagasta lifted its 2026 cost forecast as diesel prices rose, while keeping copper production guidance unchanged after third-quarter output increased 7% from the previous quarter. Environmental Oversight: Ghana’s EPA ordered unpermitted reclamation and mine-restoration work to stop, including projects backed by public funds. Community Impact: In Congo’s mining hub of Kolwezi, expanding copper and cobalt operations are pushing into neighborhoods, raising relocation concerns for residents.
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